【$DASH Signal】Hold Off Until Key Level Confirmation

$DASH In a prolonged downtrend, attempting to build a short-term bottom, but rebound momentum is insufficient, and the structure remains fragile.

🎯Direction: Hold Off (NoPosition)

Market Analysis: Price is trading below EMA20 (34.84), indicating an overall bearish trend. Multiple tests of the 35.15 resistance on the 4H timeframe have failed, forming a local high that is moving lower. RSI (43.33) is in a neutral to weak zone, with no oversold rebound momentum.

Core Logic: The key contradiction lies in data divergence. Funding rate (-0.0009%) is negative, usually implying bearish dominance or short squeeze potential, but open interest (OI) trend is "stable" and has not significantly increased with price rises, weakening the short squeeze logic. Additionally, buy order depth imbalance (-1.37%) and buy/sell ratio (0.48-0.52) remain below 1, indicating persistent selling pressure and a lack of strong buying absorption.

Trading Plan: Currently, the price is in a chaotic zone (33.77 - 35.15). Going long requires waiting for the price to firmly stabilize above EMA20 with increasing OI and a positive shift in depth imbalance. Going short requires the price to break below the recent low of 33.77 and confirm accelerated selling pressure. Neither condition is met at the moment, with low probability of success; the best strategy is to stay on the sidelines.

Trade here 👇 $DASH

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